Mike On The Move
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DATA SHOWS — BTC ACTIVE ADDRESSES HIT RECORD LOWS
The number of active Bitcoin ($BTC ) addresses has been declining sharply since April 2021, approaching cycle lows and defying typical bull market behavior. From a peak of 1.15 million active addresses, the count has dropped to around 680,000, nearly halving over the period.$SOL $ZEC
This shift signals a structural change in the BTC market, driven by:
•Increased holding behavior, leaving many addresses inactive
•Migration from on-chain trading to centralized platforms, as investors seek easier access to BTC
Market dynamics are evolving — fewer active addresses, yet liquidity and participation are taking new forms.
{spot}(ZECUSDT)
{spot}(SOLUSDT)
{spot}(BTCUSDT)
The number of active Bitcoin ($BTC ) addresses has been declining sharply since April 2021, approaching cycle lows and defying typical bull market behavior. From a peak of 1.15 million active addresses, the count has dropped to around 680,000, nearly halving over the period.$SOL $ZEC
This shift signals a structural change in the BTC market, driven by:
•Increased holding behavior, leaving many addresses inactive
•Migration from on-chain trading to centralized platforms, as investors seek easier access to BTC
Market dynamics are evolving — fewer active addresses, yet liquidity and participation are taking new forms.
{spot}(ZECUSDT)
{spot}(SOLUSDT)
{spot}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
87,695.4
+0.76%
BNB
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